Sweden: Nickel Market 2022

Nickel Market Size in Sweden

The Swedish nickel market surged to $X in 2021, with an increase of X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Nickel Production in Sweden

In value terms, nickel production expanded markedly to $X in 2021 estimated in export price. Over the period under review, production recorded a precipitous setback. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Nickel Exports

Exports from Sweden

After three years of growth, overseas shipments of nickel decreased by -X% to X tons in 2021. Over the period under review, exports showed a dramatic decline. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, nickel exports dropped dramatically to $X in 2021. Overall, exports continue to indicate a dramatic decline. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Norway (X tons), Belgium (X tons) and Finland (X tons) were the main destinations of nickel exports from Sweden, together accounting for X% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Belgium ($X) and Denmark ($X) appeared to be the largest markets for nickel exported from Sweden worldwide, together accounting for X% of total exports. Finland and France lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average nickel export price amounted to $X per ton, with an increase of X% against the previous year. In general, export price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was France ($X per ton), while the average price for exports to Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Nickel Imports

Imports into Sweden

In 2021, purchases abroad of nickel decreased by -X% to X tons, falling for the second consecutive year after four years of growth. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, nickel imports skyrocketed to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Finland (X tons), Norway (X tons) and the UK (X tons) were the main suppliers of nickel imports to Sweden, together accounting for X% of total imports. These countries were followed by the Netherlands, Germany, Belgium and Canada, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest nickel suppliers to Sweden were Finland ($X), Norway ($X) and the UK ($X), with a combined X% share of total imports. These countries were followed by the Netherlands, Canada, Belgium and Germany, which together accounted for a further X, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average nickel import price stood at $X per ton in 2021, with an increase of X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Canada ($X per ton) and Norway ($X per ton), while the price for Germany ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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